Fidelity 500 Index Fund (FXAIX) belongs to the S&P 500 category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FXAIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FXAIX
FXAIX charges 0.02% annually. There is 1 mutual fund in the S&P 500 category with a lower expense ratio, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares S&P 500 Index Fund Class G | 0.01% | — | Jul 2019 | FXAIX vs BSPGX | |
| Schwab S&P 500 Index Fund | 0.02% | 145.00B | May 1997 | FXAIX vs SWPPX | |
| iShares S&P 500 Index Fund | 0.03% | — | Jul 1993 | FXAIX vs WFSPX | |
| Vanguard 500 Index Fund Admiral Shares | 0.04% | 1.60T | Nov 2000 | FXAIX vs VFIAX | |
| iShares S&P 500 Index Fund Institutional Class | 0.10% | — | Apr 1993 | FXAIX vs BSPIX |
Best Risk-Adjusted Alternatives to FXAIX
FXAIX has a PortfoliosLab risk / return rank of 73. There are 6 mutual funds in the S&P 500 category with higher risk-adjusted ranks, going as high as 75.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DWS S&P 500 Index Fund | 75 | — | Aug 1997 | FXAIX vs SCPIX | |
| SEI Institutional Investments Trust S&P 500 Index ... | 74 | — | Dec 2013 | FXAIX vs SPINX | |
| iShares S&P 500 Index Fund Class G | 74 | — | Jul 2019 | FXAIX vs BSPGX | |
| Principal Large Cap S&P 500 Index Fund Institution... | 74 | — | Mar 2001 | FXAIX vs PLFIX | |
| iShares S&P 500 Index Fund Institutional Class | 74 | — | Apr 1993 | FXAIX vs BSPIX |
Top Performing FXAIX Alternatives (YTD)
FXAIX is at 11.71% YTD. There are 2 mutual funds in the S&P 500 category with higher YTD returns, going as high as 17.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Monthly S&P 500 Bull 1.75X Fund | 17.64% | — | May 2006 | FXAIX vs DXSLX | |
| Victory 500 Index Fund | 11.73% | — | May 2002 | FXAIX vs USPRX | |
| Vanguard 500 Index Fund Admiral Shares | 11.69% | 1.60T | Nov 2000 | FXAIX vs VFIAX | |
| Schwab S&P 500 Index Fund | 11.69% | 145.00B | May 1997 | FXAIX vs SWPPX | |
| iShares S&P 500 Index Fund | 11.69% | — | Jul 1993 | FXAIX vs WFSPX |
Lowest Volatility Alternatives to FXAIX
FXAIX has 11.86% 1-year volatility. There are 7 mutual funds in the S&P 500 category with lower 1-year volatility, going as low as 8.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Equity Premium Income Fund | 8.86% | 236.88M | Feb 2016 | FXAIX vs PUTW | |
| CBOE Vest S&P 500 Dividend Aristocrats Target Inco... | 10.64% | — | Sep 2017 | FXAIX vs KNGLX | |
| Invesco Equally-Weighted S&P 500 Fund | 11.64% | — | Jul 1997 | FXAIX vs VADDX | |
| Shelton Capital Management S&P 500 Index Fund | 11.81% | — | Apr 1992 | FXAIX vs SPFIX | |
| SEI Institutional Managed Trust S&P 500 Index Fund | 11.83% | — | Feb 1996 | FXAIX vs SSPIX |
Lowest Drawdown Alternatives to FXAIX
FXAIX has a 1-year max drawdown of -8.89%. There are 2 mutual funds in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -7.15%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Equity Premium Income Fund | -7.15% | 236.88M | Feb 2016 | FXAIX vs PUTW | |
| Invesco Equally-Weighted S&P 500 Fund | -7.88% | — | Jul 1997 | FXAIX vs VADDX | |
| Schwab S&P 500 Index Fund | -8.89% | 145.00B | May 1997 | FXAIX vs SWPPX | |
| Vanguard 500 Index Fund Admiral Shares | -8.90% | 1.60T | Nov 2000 | FXAIX vs VFIAX | |
| Shelton Capital Management S&P 500 Index Fund | -8.90% | — | Apr 1992 | FXAIX vs SPFIX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FSELX, FZROX, FSPGX and span 5 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 97 | 85.56% | — | Jul 1985 | FXAIX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 72 | 12.01% | — | — | FXAIX vs FZROX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 32 | 8.60% | — | — | FXAIX vs FSPGX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 71 | 12.08% | — | — | FXAIX vs FSKAX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 75 | 18.56% | — | Dec 1987 | FXAIX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 35 | 7.76% | 176.32B | May 1967 | FXAIX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 71 | 11.56% | — | — | FXAIX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 27 | 9.51% | — | Nov 1997 | FXAIX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 58 | 15.53% | — | Jun 2016 | FXAIX vs FTIHX | |
| Fidelity ZERO International Index Fund | Large Cap Blend Equities, Foreign Large Cap Equities | 60 | 16.29% | — | — | FXAIX vs FZILX |
Often Compared With FXAIX
Investors most often compare FXAIX with VOO, SPY, IVV. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare FXAIX with Any Fund or Stock
Compare FXAIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FXAIX with funds that move differently
Fidelity 500 Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FXAIX.
Explore FXAIX Diversifiers